The investment is a bet by the Japanese conglomerate that Coupang will conquer the fast-growing South Korean market.Read more ...

Just days after a CIA report concluded that Saudi Crown Prince Mohammed bin Salman ordered the murder of journalist Jamal Khashoggi, SoftBank's Vision Fund - the gargantuan investment vehicle anchored by a $45 billion investment from Saudi Arabia's PIF sovereign fund - is back in check-writing action.
Coupang, Korea's largest e-commerce firm, revealed today that it has raised $2 billion from the Vision Fund. The investment comes weeks after SoftBank's stake in Coupang was transferred over the Vision Fund, as the firm has done with a number of its investment.
No valuation was announced, but...Read more ...